Chlorides; of Magnesium Price in Italy - 2023

Contents:

1. Chlorides; of Magnesium Price in Italy (CIF) - 2022
2. Chlorides; of Magnesium Price in Italy (FOB) - 2023
3. Chlorides; of Magnesium Imports in Italy
4. Chlorides; of Magnesium Exports in Italy

Chlorides; of Magnesium Price in Italy (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $656 per ton, growing by 2% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($1,717 per ton), while the price for Israel ($213 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Price in Italy (FOB) - 2023

The average chlorides; of magnesium export price stood at $1,047 per ton in August 2023, which is down by -58.2% against the previous month. In general, the export price recorded a deep slump. The most prominent rate of growth was recorded in February 2023 an increase of 157% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,507 per ton in July 2023, and then shrank markedly in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Spain ($2,577 per ton), while the average price for exports to Saudi Arabia ($369 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Imports in Italy

Chlorides; of magnesium imports into Italy dropped markedly to 5.9K tons in 2022, falling by -20.9% on 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 7.5K tons, and then fell markedly in the following year.

In value terms, chlorides; of magnesium imports fell dramatically to $3.9M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $4.8M, and then contracted markedly in the following year.

Top Suppliers of Chlorides; of Magnesium to Italy in 2022:

1. Israel (1428.6 tons)
2. France (1362.6 tons)
3. Germany (1064.2 tons)
4. Netherlands (954.6 tons)
5. United States (545.5 tons)
6. China (269.6 tons)
7. Czech Republic (113.8 tons)

Chlorides; of Magnesium Exports in Italy

In 2022, after three years of growth, there was significant decline in shipments abroad of chlorides; of magnesia, when their volume decreased by -39.2% to 513 tons. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 122% against the previous year.

In value terms, chlorides; of magnesium exports dropped dramatically to $733K in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of $972K, and then reduced notably in the following year.

Top Export Markets for Chlorides; of Magnesium from Italy in 2022:

1. Spain (158.0 tons)
2. Turkey (82.6 tons)
3. Egypt (51.7 tons)
4. Morocco (50.2 tons)
5. Greece (46.6 tons)
6. Algeria (39.4 tons)
7. France (23.7 tons)

Source: IndexBox Market Intelligence Platform